The economic calendar in the U.S. Monday is light on data.
U.S. stocks on Friday plunged with investors spooked by a batch of high-profile earnings misses and the re-emergence of eurozone jitters. The Dow Jones Industrial Average sank more than 205 points, or 1.52%, to close at 13,343.51. The blue-chip index was able to hold onto a slim 0.11% gain for the week and is up 9.2% in 2012.
President Barack Obama and GOP challenger Mitt Romney head into their third and final debate in a near draw, according to the latest poll from The Wall Street Journal/NBC News. The debate Monday evening in Boca Raton, Fla., will focus on foreign policy.
Caterpillar (CAT - Get Report), the heavy construction-equipment maker, is expected by analysts Monday to post third-quarter earnings of $2.23 a share on revenue of $16.79 billion.
Yahoo! (YHOO - Get Report), the Internet company, is seen reporting after the close of trading Monday third-quarter profit of 26 cents a share on revenue of $1.08 billion.
Reports are also expected Monday from the likes of Texas Instruments (TXN), Hasbro (HAS), Freeport McMoRan Copper & Gold (FCX)and V.F. Corp. (VFC)
BP (BP - Get Report), the U.K. oil company, confirmed Monday it's in advanced talks about selling its stake in TNK-BP to Rosneft, Russia's state-controlled oil company, in a deal of about $30 billion.
Ancestry.com (ACOM), the genealogy Web site, has agreed to be acquired by an investor group led by European private-equity firm Permira for about $1.6 billion, or $32 a share, The Wall Street Journal reported, citing people familiar with the deal. Shares of Ancestry.com closed Friday at $29.18.
Philips Electronics (PHG - Get Report), the European maker of electric shavers, light bulbs and medical imaging equipment, said third-quarter earnings more than doubled amid cost cuts and as sales rose.
"Why I Left Goldman Sachs," the book from Greg Smith, the vice president who announced he was leaving Goldman Sachs with a scathing editorial in The New York Times in March, is being released Monday.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.